following persons to deduct tax at source -

(i) a bookmaker; or

(ii) a person to whom a license has been granted by the Government under any law for the time being in force -

(a) for horse racing in any race course; or

(b) for arranging for wagering or betting in any race course


Cutoff is Rs 5000 10000 (New Amendment from 1-6-2016)

TDS Rate is 30%

  1. Income Tax
  2. Amendments Income Tax for May 2017 Exams
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Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 7 years. He provides courses for Mathematics and Science from Class 6 to 12. You can learn personally from here